Automobil jako investiční instrument

This bachelor's thesis examines collectible automobiles as an alternative investment instrument. The objective is to quantify the impact of selected technical and historical parameters on realised sale prices using real market data, and to place the return poten-tial of this asset class in the context of traditional financial instruments. The theoretical part defines the fundamental concepts of investing and asset classification. The practi-cal part then categorises automobiles with investment potential and, drawing on real market data from the Collecting Cars auction platform, employs correlation analysis to examine the influence of price-determining factors on five carefully selected models from the Oldtimers, Youngtimers, and Modern Classics categories. Five hypotheses concerning the effects of mileage, limited production, transmission type, steering side, and body colour on market price were tested using the Pearson correlation coefficient and dummy variable methodology. The results demonstrate that the pricing of collecti-ble automobiles is a complex process shaped by numerous interrelated factors, in which rational economic assumptions are frequently disrupted by buyer psychology and local market anomalies. A comparison with the S&P 500 index, gold, and US Tre-asury bonds revealed that only highly selectively chosen models with a proven coll-ectible status achieve above-average returns, while more common variants underper-form traditional financial assets once holding costs are taken into account.